From left: strategic marketing and communications director Harold Geronimo and first vice president Jericho Go
An increasing demand for office and commercial space within the Libis area has urged property developer Megaworld Corporation to expand its first-ever Philippine township, Eastwood City, to a total of 18.5 hectares. Upon acquiring a 1.5-hectare property on the eastern part of the township, residents will see the rise of at least three office towers, one of which will combine residential, office, and commercial spaces, within the next few years.
“The tremendous success of Eastwood City as the country’s first cyberpark and premiere township has attracted thousands of Filipinos to live here, hundreds of IT and BPO companies to operate here, and thousands of visitors and shoppers to enjoy what life in Eastwood can offer," Megaworld senior vice president Jericho P. Go said.
Eastwood City, which was established in 1999 and was the pioneer of the developer’s “live-work-play” motto, is currently home to 500 commercial and retail companies; 60,000 IT and BPO employees; and 25,000 residents. The planned expansion, according to Megaworld, will result to an additional 100,000 square meters of office space and about 600 residential units.
“With the expansion, we are looking forward to a more exciting mix of new commercial and retail partners in this new side of Eastwood City,” Megaworld first vice president and head of commercial division Kevin L. Tan noted.
“We have envisioned the expansion of this township years ago, and now, it is happening,” Go added.